Chinese oil & gas companies come big at OTC

Photo taken on May 1, 2017 shows the stand of China Shipbuilding Industry Corporation at the 48th Offshore Technology Conference (OTC) in Houston, the United States. Chinese companies participated in the 48thOffshore Technology Conference (OTC), which kicked off Monday in Houston. (Xinhua/Zhang Yongxing)

A number of Chinese companies participated in the 48th Offshore Technology Conference (OTC), which kicked off Monday in Houston.

Although the organizer did not give an exact number of Chinese companies attending this conference, it is a fact that more and more Chinese oil and gas companies have shown their interest in this event.

Leading Chinese companies such as China National Offshore Oil Corp. (CNOOC), China National Petroleum Corp. and China Petroleum Chemical Corp. attended the event, and the different models of drilling equipment from some Chinese companies are eye-catching.

Jin Xiaojian, president of China Offshore Oil Engineering Co., LTD, told Xinhua that the world offshore oil exploitation is actually a booming industry. Many experts also said that the oil and gas industry is still a sunrise one because oil and gas remains to be the efficient and green energy.

“As an offshore oil and gas explorer, CNOOC is making great efforts to be a world-class enterprise. We can say that after the development over the past three decades, CNOOC is now actually an international level energy company,” he said.

Founded in 1969, OTC, the largest event in the world for the oil and gas industry, is where energy professionals meet to exchange ideas and opinions to advance scientific and technical knowledge for offshore resources and environmental matters.

This year’s event features more than 300 technical papers from leading upstream firms, more than 60 technical sessions, 24 topical breakfasts and luncheons, along with several in-depth panel discussions. The annual event attracted over 2,300 exhibitors and attendees from 100 countries and regions.

OTC Chairman Joe Fowler said that the conference represents an invaluable platform for new business opportunities and technologies, especially in challenging times.

“OTC is important because it is the best source of technology for new offshore developments,” he said. (Xinhua)